Phate Zhang

The revamping of Nio's existing models is set to move ahead of schedule, with deliveries of the first such model next set to begin in the first quarter of next year, according to local media.

Alps' first model, internally codenamed DOM, will be produced on production lines shared with Nio models, according to local media.

"The EV industry is rapidly growing in China, and we want Fisker to be positioned as one of only two pure foreign EV brands," Fisker CEO said.

In the January-September period, BYD took first place with a 36.3 percent share, Tesla was second with 8.4 percent and Nio was ninth with 2.1 percent.

GAC plans to invest up to $149 million in Didi's autonomous-vehicle subsidiary along with another company.

BMW will leave the remaining order of about 70 GWh of its 160 GWh battery needs to be shared between CATL and Eve Energy, according to local media.

ES6 deliveries in September were down 8.2 percent from August, but its contribution to Nio's monthly deliveries rose.

CATL's share of the global EV battery market in January-August rose from January-July, while BYD declined slightly.

Li Auto's management believes China's NEV penetration will reach 90 percent by 2028, when it will need to sell at least 3 million vehicles annually if it is to become one of the top five players, according to local media.

Haomo unveiled three ADAS kits priced as low as $410 and not relying on high-definition maps to capitalize on the opportunity presented by smart driving features that will cover the vast majority of new cars over the next two years.